8081 S Howell Ave - Fast Food FOR SALE


Oak Creek, WI 53154
$2,400,000 USD
929-229-2614
8081 S Howell Ave, Oak Creek, WI for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/9
null | 5.53% Cap Rate

8081 S Howell Ave
Oak Creek, WI 53154


HIGHLIGHTS

  • 12 Years Remaining | Scheduled Rental Increases | Strong Operator | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Woodman’s Food Market & Meijer | Strong National/Credit Tenant Presence
  • Located Along Howell Avenue | Milwaukee MSA | Drive-Thru Equipped | Excellent Visibility
  • Direct Residential Consumer Base

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Burger King investment property located in Oak Creek, WI (Milwaukee MSA). The tenant, Cave Enterprises Operations, LLC (dba Burger King) has 12 years of firm term remaining with an additional 4 (5-year) option periods left to extend. The lease features 1% annual rental increases throughout the initial term and options, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1954, Burger King is among the leading global QSR hamburger chains with over 30,000 restaurants in 120+ countries.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$1,312 USD /SF

CAP RATE

5.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | 12yrs Remaining Abs NNN | DrThr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

53,971 SF

ZONING

B-4

APN/PARCEL ID

813-9022-000

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.